We have received inquiries derived from the great complexity of the regulations COVID-19. We offer you a summary with links to the specific regulations in the following matters:

  • Rules on MORTGAGES. Specifically, a possible moratorium on the payment of debt guaranteed with a mortgage.
  • Rules on HOUSING LEASES.
  • Rules on THE RIGHT TO RECEIVE THE SOCIAL BONUS.
  • Regulations on the protection of SELF-EMPLOYED AND CONSUMERS.
  • Rules on FOREIGN INVESTMENTS.
  • Rules on LEASING TO SMES AND SELF-EMPLOYED.

COVID regulations on certain issues.

  • MORTGAGE DEBTORS: 
    1. Art, 7 to 16ter RDL 8/2020  moratorium on mortgage debt. Explain the assumptions, cases of vulnerability; default interest; and the public deed. 
    2. See also DA 15th of RDL 15/2020. Unilateral granting by the creditor of the notarial instruments in which the extension of the term derived from the legal moratorium of the loans or credits guaranteed with a mortgage or through another different registrable right is formalized.
    3. Second article. Measures for the protection of mortgage debtors. Modif, Law 1/2013 by RDL 6/2020.
    4. In RDL 11/2020. Moratorium on mortgage debtors. 
      1. Definition of economic vulnerability for the purposes of the mortgage moratorium and non-mortgage financing credit (art, 16).
      2. Suspension of the obligations derived from credit contracts without mortgage guarantee. (article 21).
      3. Guarantors or guarantors. (article 22).
  1. Measures aimed at families and vulnerable groups RDL 11/2020.
    1. Unlucky and launching vulnerable homes.
    2. Extension of leases (art, 2).
    3. Moratorium debts (art, 3)
    4. Guarantee line (article 9).
    5. Definition of the situation of economic vulnerability for the purpose of obtaining moratoriums or aid in relation to the rental income of the habitual residence (art, 5).
  2. Social bonus.  Right to receive the social bonus by self-employed workers who have ceased their activity or have seen their turnover reduced as a result of COVID-19.
  3. Support measures for the self-employed
    1. Article 34. Moratorium on social security contributions.
    2. Article 35. Postponement in the payment of debts with Social Security.
  4.  Consumer protection measures 
    1. Article 36. Right to terminate certain contracts without penalty by consumers and users.
  5. Flexibility in supplies
    1. Article 42. Flexibility of electricity supply contracts for the self-employed and companies.
    2. Article 43. Relaxation of natural gas supply contracts.
  6. Judicial measures. 
    1. Eighth additional provision. Extension of the term to appeal.
    2. Ninth additional provision. Application of Royal Decree-Law 8/2020, of March 17, of extraordinary urgent measures to face the economic and social impact of COVID-19 to certain procedures and acts. Tax and administrative.
  7. Other measures.
    1. Foreign investment. Second transitory provision. Processing of the authorization of operations in progress and operations of reduced amount included in article 7 bis of Law 19/2003, of July 4, on the legal regime of capital movements and economic transactions abroad and on certain money laundering prevention measures.
    2. Third final provision. Modification of Law 19/2003, of July 4, on the legal regime of movements of capital and economic transactions abroad and on certain measures to prevent money laundering. 

Law 19/2003, of July 4, is modified in the following terms.

One. Section 1 of article 7 bis is amended, which is worded as follows: «Article 7 bis. Suspension of the liberalization regime for certain foreign direct investments in Spain.

    1. RDL 8/2020 is modified. New article 40. Extraordinary measures applicable to legal persons of private law. Important.
    2. «First final provision. Modification of the consolidated text of the Law of the Tax on Patrimonial Transmissions and Documented Legal Acts, approved by Royal Legislative Decree 1/1993, of September 24. A new number 28 is added to article 45.IB) of the revised text of the Law of the Tax on Patrimonial Transmissions and Documented Legal Acts, approved by Royal Legislative Decree 1/1993, of September 24, with the following wording:

«28. The writings of formalization of contractual novations of loans and mortgage credits that are produced under Royal Decree-Law 8/2020, of March 17, of extraordinary urgent measures to face the economic and social impact of COVID-19, will be exempt from the gradual quota of notarial documents of the modality of documented legal acts of this Tax, provided that they are based on the assumptions regulated in articles 7 to 16 of the aforementioned royal decree-law, referring to the moratorium on mortgage debt for the acquisition of habitual residence».

Deadline for the presentation and entry of certain tax returns and self-assessments (RDL 14/2020, DE April 14).

Unique article. Extension of the term for the presentation and entry of the declarations and self-assessments.

Mediated to reduce the cost of SMEs and freelancers RDL 15/2020, of April 21, of urgent complementary measures to support the economy and employment.

  1. Leases for use other than housing with large holders. (article 1)
  2. Other leases for use other than housing. (art, 2)
  3. Self-employed and tenant SMEs for these purposes. (art, 3)
  4. Consequences of the improper application of the temporary and extraordinary postponement in the payment of the rent. (article 5).
  5. Fiscal measures
    1. Extraordinary option for the modality of fractional payments provided for in article 40.3 of Law 27/2014, of November 27, on Corporation Tax. (art, 9)
  6. Other measures
  7. Rules on exceptional availability of pension plans in situations derived from the health crisis caused by COVID-19. (art. 23).

Tax measures. COVID-19 code

Contact Contact the Bosch-Bages Notary for more information.